Zurcher Kantonalbank Zurich Cantonalbank Has $2.42 Million Stock Position in Zebra Technologies Co. (NASDAQ:ZBRA)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Zebra Technologies Co. (NASDAQ:ZBRA) by 77.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,822 shares of the industrial products company’s stock after selling 26,412 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Zebra Technologies were worth $2,416,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ZBRA. Norden Group LLC acquired a new stake in Zebra Technologies in the first quarter valued at $2,108,000. SG Americas Securities LLC lifted its stake in Zebra Technologies by 105.5% in the 1st quarter. SG Americas Securities LLC now owns 15,300 shares of the industrial products company’s stock valued at $4,612,000 after purchasing an additional 7,853 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in Zebra Technologies by 72.0% during the fourth quarter. Pinebridge Investments L.P. now owns 21,569 shares of the industrial products company’s stock worth $5,896,000 after purchasing an additional 9,032 shares during the period. Okabena Investment Services Inc. increased its position in Zebra Technologies by 6,195.6% during the fourth quarter. Okabena Investment Services Inc. now owns 2,833 shares of the industrial products company’s stock worth $774,000 after buying an additional 2,788 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new stake in Zebra Technologies in the first quarter valued at approximately $1,272,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Zebra Technologies Trading Up 0.9 %

NASDAQ:ZBRA opened at $345.38 on Friday. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $372.93. The firm has a 50-day moving average price of $327.57 and a two-hundred day moving average price of $307.65. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 68.53 and a beta of 1.65. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.84 and a current ratio of 1.28.

Zebra Technologies (NASDAQ:ZBRA) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.70. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Zebra Technologies had a net margin of 5.28% and a return on equity of 11.77%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.24 earnings per share. On average, equities analysts expect that Zebra Technologies Co. will post 11.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ZBRA. Redburn Atlantic raised Zebra Technologies to a “strong-buy” rating in a report on Wednesday, July 31st. BNP Paribas upgraded shares of Zebra Technologies from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $258.00 to $305.00 in a report on Thursday, June 13th. Vertical Research started coverage on shares of Zebra Technologies in a research report on Tuesday, July 23rd. They issued a “buy” rating and a $375.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Zebra Technologies from $355.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Barclays increased their price target on shares of Zebra Technologies from $314.00 to $347.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $349.64.

Insider Buying and Selling at Zebra Technologies

In related news, insider Jeffrey F. Schmitz sold 1,000 shares of Zebra Technologies stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $341.69, for a total value of $341,690.00. Following the completion of the transaction, the insider now directly owns 9,694 shares in the company, valued at approximately $3,312,342.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.06% of the company’s stock.

Zebra Technologies Company Profile

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.